2026-01-09 21:28:07

U.S. Treasury Secretary Scott Bessent has signaled an aggressive enforcement crackdown—the IRS is preparing sweeping audits targeting financial institutions involved in money laundering schemes affecting Minnesota accounts.

This isn't just about banks. Money services businesses (MSBs), payment processors, and every financial intermediary that potentially facilitated illicit fund transfers now faces heightened scrutiny. The compliance net is widening fast.

Anyone with a hand in moving questionable capital should expect investigators knocking. For the crypto and fintech sectors, this reinforces why AML/KYC protocols matter. The regulatory environment just got more teeth.

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TokenTherapist

· 18h ago

Here we go again, during the period of regulatory crackdown, small exchanges are trembling. --- Honestly, this wave of AML/KYC compliance is unavoidable. Just pay the IQ tax that’s due. --- Why is Minnesota so unlucky? But on the other hand, those who don’t comply will eventually die. --- Haha, financial intermediaries must stay alert. The American move of cutting off at the source is indeed ruthless. --- The crypto industry still dares to engage in gray-area operations, which is basically courting death. The wind is coming.

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FlatlineTrader

· 01-11 09:06

NGL, the crypto circle is about to panic. The previous approach of "compliance is everything" now seems really naive.

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PuzzledScholar

· 01-09 21:58

Damn IRS is really coming this time... friends in the crypto circle, it's time to get ready.

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SillyWhale

· 01-09 21:51

No wonder I heard recently that many people received letters from the IRS... Looks like they're really serious this time.

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HackerWhoCares

· 01-09 21:50

Well, the IRS is starting to crack down again, this time targeting financial intermediaries. Let's just honestly go through KYC.

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liquiditea_sipper

· 01-09 21:49

Here we go again, the IRS is stirring up trouble once more. This time, they are targeting those involved in cross-state transfers. AML/KYC should have been strictly enforced long ago to prevent a bunch of dirty money from flowing on the chain. But why is Minnesota particularly famous? Or is it just an example? Those accounts in Minnesota need to be careful; the investigation is very detailed. Bessent is really serious this time. Compliant businesses should have been prepared long ago. Money service providers will have to upgrade their systems again, incurring additional costs. Compliance audits, to put it simply, are about creating barriers for both large platforms and small players. Wow, payment processors are in trouble now. A thorough review of each one might not be completed until next year.

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UnluckyMiner

· 01-09 21:44

Here we go again, the IRS is targeting financial institutions. The AML/KYC regulations have long needed to be tightened. --- Bessent is warning the crypto industry, compliance is the only way out. --- Haha, platforms that don’t take KYC seriously should be worried. --- Minnesota account? It seems this audit is really happening, be cautious. --- Basically, it’s about investigating who is money laundering. It probably won’t affect legitimate players like us. --- Payment processors will also suffer; it looks like no one can escape. --- Now it’s good, the regulatory environment really has teeth. The days of lax regulation are coming to an end.

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